Day: June 6, 2026

RBI measures to attract foreign capital [1] Authorized Dealer Banks raising fresh 3 to 5 years FCNR [Bank] or FCNR [B] deposits will be eligible for a facility under which RBI will bear the full hedging cost until September 30. [2] will enable banks to offer 150-200  basis points higher than current levels [3] Some analysts expect inflows exceeding the $34 billion mobilised earlier in 2013 — in similar scheme–others cautioned the impact may not be as much. Courtesy BS

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